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Head and Shoulders

U.S. Steel (X) Shares Drop 10% Following Presidential CommentsUnited States Steel Corporation (NYSE: NYSE:X ) shares dropped sharply after remarks from former President Donald Trump. He opposed the company's potential sale to Japan's Nippon Steel. Trump said he admired Japan but opposed the sale of an iconic American steel company. He described U.S. Steel as “a very special company” and tied it to national interests. His statement caused a wave of uncertainty in the market. The stock dropped 15% shortly after the news. During extended trading, it fell as much as 16%. As of 11:41 AM EDT, the stock trades at $42.03, down $3.11 (6.89%), as trading volume hits 19.7 million shares. Investors are concerned about the deal's future. U.S. Steel is central to U.S. economic and industrial discussions. The takeover deal has raised questions about manufacturing and national security. The company is expected to report earnings between April 30 and May 5, 2025. Technical Analysis The 3-day chart shows a long-term uptrend. Price respects an ascending trendline starting at$16 in June 2022. Support lies above the 200-day moving average at $34.44. The 50-day and 100-day moving averages sit at $37.51 and $38.76, respectively. The stock recently broke above $45 but pulled back after Trump's comments. Resistance lies at $50.20 and a breakout above this level could lead to further gains. The 3-day RSI sits at 55.89, suggesting neutral momentum that has room for the price to cover without reading an overbought reading. However, a sharp drop could push it lower. Volume surged on the sell-off, confirming a strong market reaction. Adding to the bullish momentum is a complete head and shoulder pattern that signals potential recovery. The short-term outlook depends on deal clarity and upcoming earnings. However, the trend remains intact above $34, and a move below could signal further downside.
NYSE:XLong
by DEXWireNews
STX Bulls Beware: Is This the Calm Before a Massive Drop?Yello, Paradisers! Are you seeing what we’re seeing on STXUSDT? If not, now’s the time to pay attention—our recent predictions on bearish setups are starting to unfold again, and this one might catch many off guard. Let’s break it down. 💎Currently, STXUSDT is flashing some serious warning signs. We’re spotting a clear bearish Change of Character (CHoCH) in play, which is being reinforced by a Head and Shoulders pattern—a combination that significantly increases the probability of a downside move. 💎To make things worse for the bulls, there’s an unfilled Fair Value Gap (FVG) sitting just below the current price. This acts like a magnet and could drag the price downward as liquidity gets targeted. 💎However, if STXUSDT manages to bounce from current levels, we’ll be closely watching the Order Block (OB) and Fibonacci Golden Zone as potential entry points. These could offer an excellent risk-to-reward (RR) setup if the bearish scenario gets temporarily rejected. 💎But here’s the key invalidation point: if price breaks and closes above the OB zone, the entire bearish thesis falls apart. In that case, we’ll step aside and wait for stronger confirmation before jumping back in. No need to rush—better opportunities always come with clear setups. 🎖Trade smart, Paradisers. The market doesn't care about your bias—it rewards only patience, precision, and discipline. Stick to your trading plan, and don’t let FOMO or fear drive your decisions. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
2
Bull Trap Confirmed: HOOD's Rally Faces Exhaustion Part 2Hey Traders after the success of our last month trade on Tesla hitting all targets more than 35%+ With a Similar Trade setup I bring you today the NASDAQ:HOOD Hey Guys sorry but i just had to Reinitiate this trade with some updates Short opportunity on Hood Based on Technical + Fundamental View -Market structure -Head and shoulder pattern -Caught in a Bull TRAP Pro Tip If today's day Pinbar's low broken tomorrow we can place a trade. (Morning Trade) Target 1 - 35.52$ Target 2 - 30.81$ Target 3 - 26.26$ Stop Loss - Above Entry Candle For Rest of the Details follow Part 1! NOT AN INVESTMENT ADVISE
NASDAQ:HOODShort
by REUBEN_EUSTACE
2
BTC UPDATE: Flash Crash? Or Bullish Retest?🚀 Hey Traders! 👋 If you’re enjoying this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥 📉 BTC just dropped nearly $10K in a single day, sliding from $84K to $74K amidst growing tariff tensions and broader market turmoil. But here’s the bullish twist—this dump might just be a healthy retest. BTC recently broke out of a strong inverse head & shoulders pattern, and what we’re seeing now looks like a classic neckline retest. 📌 Key Support: $72K As long as BTC holds above this level, there’s no reason to panic. Once the dust settles from this bloody Monday, momentum could shift back to the upside. 🟢 This could be a golden accumulation zone—low risk, high potential reward. ❌ Invalidation Level: Weekly close below $72K 💬 What’s Your Take? Will BTC bounce from this level, or is there more downside ahead? Drop your analysis and predictions below—let’s navigate this together and secure those gains! 💰🔥🚀
Long
by CoreCrypto1
Go long gold, target: 3030-3040Gold tested the support of 2985-2975 again during the correction process, but did not fall below this area during the test. Combined with the structural lows of gold yesterday, they were 2970 and 2956. Today, gold did not fall below 2970, so it is very likely that gold will form a head and shoulders bottom pattern at the technical level, which will help gold to continue its rebound momentum with this strong technical support! So I think the short-term decline of gold is not a risk for us, but the best gift for us. So I advocate going long on gold from now on. After gold repeatedly tests the support, it will rise to the 3030-3040 area without hesitation. The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
OANDA:XAUUSDLong
by Trader_Marvin
Bitcoin Head & Shoulders Pattern – Bearish Breakdown Ahead?#Bitcoin is forming a Head & Shoulders pattern on the 4-hour timeframe, signaling a potential bearish move. Currently, #BTC is hovering near the neckline—a key level to watch! Bearish Confirmation: If #BTC breaks below the neckline and the support zone, it will confirm the bearish trend, potentially leading to further downside. Trading Plan: Wait for a clear break & retest of the neckline. Enter a short trade with proper risk management. Keep an eye on volume for strong confirmation. Will #BTC hold or break down? Drop your thoughts in the comments!
Short
by mudusir
USDCAD, Bearish Bias, Fundamentally and TechnicallyFundamental Analysis 1. Endogenous and Exogenous factors indicates bearish trend in USDCAD. 2.USD is getting weaker in previous months while CAD is stronger 3. Seasonality also shoes bullish trend in CAD in April and Bearish in USD 4. COT report of USD indicates continuous reduction in long positions by NON-COM 5. Sentiments of USD and CAD are both bearish due to Tariffs but CAD will improve in coming days. Technical Analysis. 1. Weekly chart shows Bearish RSI divergence with consolidation Box 2. Daily chart shows breakdown of consolidation box with Head and Shoulder pattern with retracement/retest 3. Entry of short sell in 2 parts i. Enter at current price with 1% risk ii. Enter at 1.43769 4. Stoploss above right shoulder 1.45597 5. Initial target at weekly support 1.39497
Short
by itsrohansaeed
1
Head & Shoulder Pattern in Making in NIfty 50 IndexI can see a clear Neck & shoulder Pattern in Making. all international Markets are down and now on their Support Area. Mostly all international Market should bounce back from here. Nifty 50 once touches 22800 and if takes a support from here it should then proceed toward 23800 to complete H&S pattern. There is a resistance @ 23800. If market break that resistance then 23800 should act as a Support and Market should Advance for 24800 levels. "Otherwise" if Market Crashes below 22800 and doesn't take support here next major support will be 22000 but this is less likely. Hope for the best!
NSE:NIFTYLong
by JaSsi-Trader
1
Trump Tariffs are Wrecking the MarketTrump’s disastrous right-wing policies continue to wreak havoc, with the latest victim being AMEX:XLC $XLC. His reckless tariff strategy is proving to be one of the greatest self-inflicted economic blunders in American history, harming industries, investors, and consumers alike. These tariffs have weakened the economy, disrupted markets, and imposed unnecessary burdens on businesses. The long-term consequences of these policies will be felt for years to come as the American economy struggles to recover from this avoidable crisis. Head and shoulders top has been completed today, 4/3/25. The price objectives are 88.6 and 84.60
AMEX:XLCShort
by Crush_Spread
UPS looking DOWNSNice head and Shoulders on the United Parcel Service #UPS and FEDEX are the new dow transport indicator. An underlying determinant of how the consumer is faring Since the US is a consumer economy and Online shopping is the majority of retail if we see new highs on the Indicies, and the home delivery carriers continue to deteriorate it would give your non confirmation Top Similar to Dow theory of new High's in the Industrials , but the transports lagging and indeed falling.
NYSE:UPSShort
by BallaJi
15
Adani Enterprises - Breakout in Progress?The stock has been consolidating below a resistance level for several weeks. Today, it has given a breakout above the trendline resistance with good volume. This breakout could trigger a potential uptrend. 🔹 Target & Resistance: Target: ₹2,654.70 (+13.49%) Resistance Level: ₹2,654.70 (marked in purple) 🔹 Volume Confirmation: The breakout is supported by increasing volume, indicating strong buying interest. If the stock sustains above the breakout level, we might see a strong upward move. 🔹 Trading Plan: ✅ Entry: On breakout retest or sustained move above resistance 🎯 Target: ₹2,654.70 🛑 Stop Loss: Below breakout zone 📢 Conclusion: A successful breakout and close above this level could confirm bullish momentum. However, traders should watch for retest and price action confirmation before entering.
NSE:ADANIENTLong
by ProfitLossMereSath
1